Analyst expected adjusted earnings of 76 cents a share and total revenue of $3.82 billion.

CBS has recently been lifted by higher retransmission fees paid by cable and satellite distributors. In addition, the company is benefiting from licensing agreements with streaming video providers like Netflix (NFLX).

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CBS plans to wrap up an IPO for its CBS Outdoor Americas business, which owns billboards around the country, in the current quarter.

Shares jumped 4.5% to $64.66 in recent trading. The stock went as high as $64.90, a new high for CBS.